If you have been trying to get involved in real estate investing but not sure how this property tour is a must-watch for you. We discussed how to be able to find properties like this for your business on a weekly basis and the steps necessary to stay committed and consistent. Just to give you a quick idea of what we went through in order to be able to buy this house, this is what we did.
At first this property was already listed with a realtor before we got involved in this transaction but the realtor was not able to sell the house for over a year. When I got in contact the homeowner she was frustrated and was desperate for a way out of this house. After going back and forth on how we can help her overcome the challenges she was facing with this house, she finally decided it was time to hire us as her real estate agent to sell this property as a short sale. From there we put this property under contract and went about getting a short sale approval which took a little bit over four months. During the time we were working on the approval we had a lot of due diligence to do on this property including removing an oil tank, securing the property with metal door and windows to prevent squatters from breaking into the house and further vandalizing the property and stealing the copper. When we finally got the short sale approval we had to get the funding to be able to buy the house as well as had to pay for some last-minute expenses on behalf of the owner of this property to be able to close.
We go into much more details about this transaction in the video, if investing in real estate is something that you want to do don’t skip watching this video from a real life investment property. There is no better way to learn real estate investing then to see for yourself how a real deal happens in real life.
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